SGB Update Footwear
Port Of Los Angeles Applauds Governor Newsom’s Port Investment Plan
On Monday, the California Governor, Galvin Newsom, unveiled his 2022/23 state budget proposal, known as “The California Blueprint.” The proposed budget includes a planned record investment of $2.3 billion for California ports.
JCPenney Executive Hires Support E-Commerce And Omnichannel Development
JCPenney said former Gap and Walmart executive Sharmeelee Bala has been named chief information officer and Katie Mullen has joined the company from Neiman Marcus Group as chief digital and transformation officer.
Simms Acquires The River’s Edge
Simms Fishing Products, manufacturer of waders, outerwear, footwear, and technical apparel in fishing, announced it has acquired Bozeman, MT-based specialty retailer, The River’s Edge Fly Shop.
Nester Hosiery Appoints SVP Brands And Licenses
Nester Hosiery, the maker of merino wool socks and parent of Farm to Feet, has added Chris Bevin to its executive team as senior vice president of Brands and Licenses.
VF Corp. Appoints Global Brand President, The North Face
VF Corp. announced that it has appointed Nicole Otto as global brand president, The North Face. Otto joins VF following a 16-year career at Nike and will succeed Steve Murray who is retiring and returning to the UK. The leadership transition will be effective on June 2022.
Tilly’s Delivers 16.5 Percent Holiday Sales Gain
Tilly’s Inc. reported sales for the nine-week period ended January 1 grew 16.5 percent and said it expects to report its most profitable fourth quarter since becoming a public company.
Zumiez Sees Holiday Sales Expand 9.0 Percent
Zumiez Inc. announced that the company’s total net sales increased 9.0 percent for the nine-week period ended January 1, 2022 compared to the nine-week period ended January 2, 2021. During the same period comparable sales increased 6.0 percent.
Rothy’s Appoints VP Of Retail
Rothy’s appointed Mo Vachon as its first vice president of retail.
Dick’s SG Receives Baa3 Rating On New Debt Issue
Moody’s Investors Service assigned a Baa3 senior unsecured rating to Dick’s Sporting Goods, Inc. proposed $1 billion unsecured notes. The proceeds will be used to repay the company’s $575 million convertible debt, add cash to the balance sheet and for general corporate purposes.
BSN Sports Acquires Fort Wayne Team Dealer
BSN Sports, a division of Varsity Brands, announced that it has acquired SportsCenter Inc. based in Fort Wayne, IN.
Lululemon Lowers Q4 Outlook Due To Omicron
Lululemon Athletica, Inc. said it expects sales and earnings from the holiday quarter to come in near the low end of its previous forecasts amid renewed COVID-19 challenges.
Crocs Debt Downgraded Following Hey Dude Acquisition
Moody’s Investors Service downgraded Crocs, Inc.’s senior unsecured notes rating to B2 from B1 due to debt taken on from its acquisition of Hey Dude.
SFIA Elects New Chairman
The Sports & Fitness Industry Association (SFIA) announced the election of Jonathan Ram, group president, Global Activewear, HanesBrands Inc., as chairman of the SFIA Board of Directors from 2022-2023.
Boot Barn Sees Q3 Results Above Wall Street Targets
Boot Barn Holdings reported preliminary results for the third quarter of fiscal year 2022 ended December 25 that were ahead of Wall Street consensus targets.
Under Armour And BSN Sports Named Official Outfitters Of ABF Athletics
The ABF Academy Athletic Department announced that Under Armour in partnership with BSN Sports will become the official outfitter of ABF Athletics effective immediately.
